Russia’s crude output declined to the lowest in a year in May as Ukraine launched an unprecedented string of attacks on the nation’s oil infrastructure.
President Donald Trump pulled back threatened military strikes against Iran, a stark reversal that came just hours after he vowed to hit the Islamic Republic “VERY HARD” and threatened to seize its oil infrastructure.
Ocean Installer has secured a multi-year contract from Equinor for subsea installation work on the Bacalhau development offshore Brazil, marking the company’s entry into the country’s rapidly growing subsea market.
ABB has been awarded a contract to modernize automation and safety control systems on the Buzzard offshore platform, supporting continued operations at one of the UK’s largest producing oil fields in the North Sea.
TGS has signed an agreement with Equatorial Guinea’s Ministry of Hydrocarbon and Mining Development to create the country’s first offshore large-scale multi-client seismic dataset, the company said on Wednesday.
QatarEnergy has announced an oil discovery with encouraging results from the Merlin-1X exploration well in Petroleum Exploration Licence 39 (PEL 0039), offshore Namibia. Merlin-1X is the tenth well drilled under the licence and has delivered the most promising subsurface results to date, with good reservoir quality, light oil and limited associated gas. Commenting on the discovery, His Excellency […]
Chevron Corp. and two other major Argentine shale producers will sign contracts this week to supply a natural gas liquids project, a move that all but assures the $3 billion plan goes ahead, according to people familiar with the matter.
EnQuest has agreed to acquire interests in four offshore production-sharing contracts (PSCs) in Malaysia for up to $833 million, a transaction that will significantly expand the company’s production, reserves and presence in Southeast Asia.
APA Corporation has agreed to acquire Savant Alaska, LLC in a deal that will give the company control of key production and transportation infrastructure supporting its growing position on Alaska’s eastern North Slope
Petrobras has agreed to acquire a 50% interest in the offshore Itaimbezinho exploration block in Brazil’s Campos basin from Equinor, expanding its presence in one of the country’s most active offshore regions.